The Origin of Financial Crises: Central Banks, Credit Bubbles and the Efficient Market Fallacy

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Posted on 2010-01-26. By anonymous.

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The Origin of Financial Crises: Central Banks, Credit Bubbles and the Efficient Market Fallacy

The Origin of Financial Crises: Central Banks, Credit Bubbles and the Efficient Market Fallacy

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The Origin of Financial Crises provides a compelling analysis of the forces behind today’s economic crisis. In a series of disarmingly simple arguments George Cooper challenges the core principles of today’s economic orthodoxy, explaining why financial markets do not obey the efficient market principles described in today’s economic textbooks but are instead inherently unstable and habitually crisis prone.



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